Miron Washington Sells 800 Shares of Impinj (NASDAQ:PI) Stock

Impinj, Inc. (NASDAQ:PI) Director Miron Washington sold 800 shares of Impinj stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total value of $138,608.00. Following the completion of the transaction, the director owned 4,354 shares in the company, valued at $754,374.04. The trade was a 15.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Impinj Stock Performance

Shares of NASDAQ:PI opened at $179.73 on Friday. The firm has a market capitalization of $5.49 billion, a PE ratio of -195.36 and a beta of 1.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The business has a 50-day moving average of $160.75 and a two-hundred day moving average of $136.86. Impinj, Inc. has a 12 month low of $87.36 and a 12 month high of $247.06.

Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.The company had revenue of $108.37 million for the quarter, compared to the consensus estimate of $104.60 million. During the same period last year, the business posted $0.80 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, research analysts forecast that Impinj, Inc. will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PI. TOP Private Wealth LLC. purchased a new stake in shares of Impinj during the second quarter worth about $25,000. Western Wealth Management LLC purchased a new position in Impinj in the first quarter valued at about $28,000. Global Retirement Partners LLC acquired a new stake in Impinj during the 2nd quarter valued at approximately $31,000. Bamco Inc. NY acquired a new stake in Impinj during the 2nd quarter valued at approximately $45,000. Finally, Kelleher Financial Advisors purchased a new stake in Impinj during the 2nd quarter worth approximately $52,000.

Wall Street Analyst Weigh In

PI has been the subject of several recent research reports. Needham & Company LLC dropped their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. BMO Capital Markets initiated coverage on shares of Impinj in a report on Thursday, August 20th. They set an “outperform” rating and a $220.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price target on shares of Impinj in a research report on Thursday, July 30th. Weiss Ratings upgraded Impinj from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group raised their price objective on Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Impinj has a consensus rating of “Moderate Buy” and a consensus price target of $183.30.

Impinj Company Profile

Impinj, Inc develops radio-frequency identification (RFID) technologies that connect everyday physical items to the digital world. The company’s platform is based primarily on RAIN RFID, a passive, battery-free wireless technology used to identify, locate and monitor tagged objects.

Impinj offers RFID endpoint integrated circuits, readers, gateways, antennas and software designed to work together across the item-to-cloud connectivity chain. Its solutions are used in applications such as retail inventory management, supply-chain and logistics operations, asset tracking, healthcare, manufacturing and other industrial settings.

Founded in 2000 and headquartered in Seattle, Washington, Impinj serves customers and partners globally through its technology platform and ecosystem.